FRN Variable Rate Fix

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TIDM38IO 
 
Re:  Sandwell 
     GBP 10150000 
     MATURING: 31-Dec-2032 
     ISIN: XS0357089100 
PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
31-Dec-2009 TO 31-Mar-2010 HAS BEEN FIXED AT 1.805000 PCT 
DAY BASIS: ACTUAL/365(PROP) 
INTEREST PAYABLE VALUE 31-Mar-2010 WILL AMOUNT TO: 
GBP 222.53 PER GBP 50000 DENOMINATION

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